Crypto
U.S. homebuyers can use bitcoin as collateral for mortgage as Better, Coinbase launch product
A new mortgage product in the United States allows homebuyers to use bitcoin to fund a down payment without selling it. Better Mortgage, part of Better Home Finance, and Coinbase opened the product to retail customers. Borrowers must pledge bitcoin worth at least 250 percent of the down payment loan and repay both loans monthly. Late payments of more than 60 days can trigger liquidation of the collateral.
